A recent report by the National Bureau of Statistics (NBS) has shed light on the alarming impact of criminal activities in Nigeria, particularly kidnapping. Eko Hot Blog reports that the report reveals that Nigerians paid a staggering N2.23 trillion in ransom payments between May 2023 and April 2024. EDITOR’S PICKS Badenoch ‘A Knock is Enough’ … Read more
The Nigerian Railway Corporation (NRC) experienced a 13.83% year-on-year revenue growth in the third quarter of 2024, with total earnings of N1.70bn. Ekohotblog reports that this increase can be attributed to a surge in passenger numbers and freight services, as reported by the National Bureau of Statistics (NBS). EDITOR’S PICKS LAWMA Trains Staff of EKSWAMA … Read more
Nigeria’s headline inflation rate rose to 34.60% in November 2024, up from 33.88% in October, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). EKO HOT BLOG reports that November figure represents a 0.72 percentage point increase from the previous month. On a year-on-year basis, the headline inflation … Read more
Nigeria’s exports to France soared to over N3.9 trillion (approximately $2.4 billion) in the first half of 2024, securing France’s position as Nigeria’s top export destination among individual countries. According to data from the National Bureau of Statistics (NBS), Nigeria’s total exports for the same period amounted to around N38.5 trillion ($24 billion). This robust … Read more
The Federal Government, through the National Bureau of Statistics (NBS), announced that road tax collections across Nigeria surged to N40.14 billion in 2023, marking a 63.36% increase from the N24.57 billion collected in 2022. This sharp rise in revenue highlights the growing contribution of road taxes to state-level funding. EDITOR’S PICKS NASU, SSANU Strike Nears … Read more
In the midst of Nigeria’s complex economic and political landscape, meaningful conversations become crucial catalysts for change. My recent discussion with Bolade Agbola, a distinguished Agricultural Economist, stockbroker, banker and Business Administration doctorate holder, offered invaluable perspectives on the country’s pressing challenges. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System Project Shamim … Read more
The National Bureau of Statistics (NBS) on Tuesday said Nigeria’s unemployment rate increased to 5.3 per cent in the first quarter (Q1) of 2024. According to a report, the NBS said the unemployment rate increased compared to the 5 per cent recorded in Q3 2023. EDITOR’S PICKS: School Proprietress Allegedly Killed, Burnt By Son In … Read more
The National Bureau of Statistics, NBS, says Nigeria’s Gross Domestic Product, GDP, grew by 3.19% in the second quarter of 2024. Its document titled “Nigeria Gross Domestic Product Q2 2024,” made this disclosure on Monday. EDITOR’S PICKS: Midnight Fire Destroys Multi-Million Naira Goods in Anambra Market Poland Tightens Student Visa Rules Amid Scandal Over System … Read more
Eko Hot Blog reports that the national average retail price for Premium Motor Spirit, commonly known as petrol, saw a significant year-on-year increase of 37.44%, rising to ₦750.17 per litre in June 2024 from ₦545.83 per litre in June 2023. This data was revealed in a recent report by the Nigerian National Petroleum Corporation (NNPC). … Read more
The UN warns that 82 million Nigerians could face hunger by 2030 and urges the government to address climate change and other agricultural threats amid rising food inflation. EKO HOT BLOG reports that the United Nations has issued a stark warning that 82 million Nigerians, or about 64% of the country’s population, could face hunger by 2030. … Read more
EKO HOT BLOG reports that the Federation Account Allocation Committee Disbursement reports, the Federal Government has deducted over N415 billion from state government allocations to service their external loans between 2019 and 2023. This information, published by the National Bureau of Statistics, highlights significant deductions made from state allocations from the Federation Account over the past … Read more
Tinubu’s decision to end fuel subsidy in May 2023 caused immediate nationwide Prices of Petrol increase. NBS reports a staggering 157% rise in average fuel retail price from February 2023 to February 2024. Zamfara tops the list with the highest average petrol price at N750.43 per litre, while Kwara Senjoys the lowest at N650 per … Read more
The National Bureau of Statistics (NBS) reported a 0.86% increase in the average retail price of kerosene from January to February 202. Kaduna had the highest average price per litre of kerosene in February, while Bayelsa had the lowest. Analysis by zone showed that the North-East recorded the highest average price per gallon of kerosene … Read more
EKO HOT BLOG reports that the National Bureau of Statistics (NBS) has recently published a report indicating a notable increase in the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas Prices). According to the latest data update released by the government agency, the price of refilling cooking gas surged by … Read more
Eko Hot Blog reports that the National Bureau of Statistics (NBS) latest inflation report indicated a rise in Nigeria’s headline inflation to 28.92% in December, compared to the 28.20% recorded in November 2023. The report, released by the statistics bureau on Monday, detailed that food inflation also rose to 33.93 per cent from the 32.84 … Read more
Eko Hot Blog reports that the National Bureau of Statistic (NBS) has revealed that a total of 908 people died from fatal accident in the third quarter of 2023. Making this revelation in its recently released road transport report released on Saturday, the statistic bureau revealed that of the 908 recorded death, 743 victims were … Read more
Eko Hot Blog reports that Nigeria’s total capital importation during the first quarter (Q1) of 2023 witnessed a significant decline of 28 percent when compared to the capital importation recorded in Q1 2022, which stood at $1.57 billion. According to data released by the National Bureau of Statistics (NBS), the figures however, indicated that the … Read more
Nigeria’s GDP growth has declined to 2.31% in Q1 2023 from 3.52% in Q4 2022. The decrease is attributed to the adverse effects of the cash crunch experienced during the quarter. This aligns with KPMG’s earlier projection of slower GDP growth for 2023 due to naira redesign and political transition challenges. EKO HOT BLOG reports … Read more
Nigeria’s Inflation rate has risen to 21.91% amid the Naira crisis. This was disclosed in a recent Consumer Price Index report by the National Bureau of Statistics on Wednesday. The inflation rate rose to 21.91%, compared to January 2023 inflation rate which was 21.82%. EKO HOT BLOG reports that amid the uncertainties being faced by … Read more
The NBS has revealed the average price of petrol in November. Eko Hot Blog reports that the National Bureau of Statistics (NBS) says the average retail price paid by consumers for Premium Motor Spirit (NBS), better known as Petrol, in November 2022, was N202.48. EDITOR’S PICKS Unfazed By Attacks, INEC Vows To Advance With 2023 … Read more